Learning outcomes of the curricular unit

This curricular unit presents the fundamental concepts of Company Accounting and its International Standardisation, and is structured to drive the learning process from the fundamentals of financial accounting to the construction of the main financial statements, to the recording of current operations and financial-year closing procedures. By the end of the lectures, students should be prepared to understand and record the main accounting transactions and prepare balance sheets and income statements. Additionally, students should understand the impact that any economic fact has on the financial statements and how that information is transmitted to its target users.

Syllabus

1. Conceptual framework
1.1 Objectives of financial reporting
1.2 Standardization
1.3 Characteristics of financial information
1.4 Financial statements (Balance Sheets and Income Statements)
1.5 Main Classes and Accounts (Introduction)

2 Registration (daily ledger) for current operations
2.1 Classes and Accounts
2.2 The concept of Double-entry bookkeeping
2.3 Journal, Ledger and Trial Balance
2.4 Net financial assets accounts and associated income and expense accounts
2.5 Third Party and associated income and expense accounts
2.6 Inventories and associated income and expenses accounts
2.7 Investments and associated income and expense accounts

3 Year-End operations and registrations
3.1 Amortisation, depreciation and loss of value
3.2 Provisions and adjustments
3.3 Computation of Tax payable and Profit & Loss for the period